Property summary
This exceptional 3,600 square-foot retail property, located at 804 S 3rd St in Renton, WA 98057, presents a unique investment opportunity. Built in 1927, this historic building boasts a prime location on the highly desirable 3rd Street retail corridor, known for its high traffic counts and pedestrian activity. The property is zoned CD and sits on a 4,040 square-foot lot. The interior is divided into two distinct areas: a fully equipped restaurant space with a kitchen, and a separate bar and billiards area. The restaurant features a café-style setup with tables and booths, a full kitchen including a walk-in freezer, and a dedicated bar area complete with a billiards table and televisions. The current tenant, Rubattino's, one of Renton's oldest restaurants (founded in 1920), can vacate upon closing, making this an ideal owner-user opportunity. There is also a separate agreement available for the purchase of the existing business. The asking price for the property is $895,000, translating to $248.61 per square foot. This is a rare chance to acquire a well-established, fully built-out restaurant and bar in a vibrant downtown Renton location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CD · Renton, WA15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CD in Renton, WA.
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